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$1,271,000

3305 Wood Lake Dr, Waco, TX, 76710

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$324.75 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Gas Water Heater, Ice Maker, Microwave, Double Oven, Refrigerator, Tankless Water Heater
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBuilt-in Barbecue, Fire Pit, Rain Gutters
Lot Size4,051 sqft

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces2

Land Information

APN480458030052007
Lot Number12
SubdivisionWood Lake
Land UseResidential
Legal DescriptionWOOD LAKE LOT 12 BLOCK 3 ACRES .093
Census Tract002600
Assessment Year2024

About this property

Nestled in the exclusive gated area of Wood Lake, this home offers views of the lake and wooded ravine on a terraced, .65 acre lot. The extensive remodeling showcases high-quality finishes throughout, including a custom iron entry door, floor-to-ceiling windows, and incredible indoor and outdoor entertainment spaces which create a luxurious yet comfortable living experience. The main living area features a large brick fireplace, while the dining room and bar area, complete with a Dacor wine refrigerator and two beverage drawers, add to the home's appeal. The open-plan kitchen features a large island, beveled sink, and top-of-the-line Dacor appliances including a 6-burner gas cooktop and built-in refrigerator/freezer. The downstairs master retreat features a marble tiled shower, a huge soaking tub with a mosaic tile backsplash, dual vanities, and a dream closet with ample built-in shelving and drawers. Upstairs are four additional bedrooms and two bathrooms, all finished out with the same attention to detail. The outdoor living area includes a pull-out Lynx oven, warming ovens, Sedona by Lynx gas grill, Coyote refrigerator, leathered granite counters with a tile backsplash, and a cozy gas log fireplace, all beneath a stylish wood ceiling. Beyond the covered patio you’ll find a private hot tub, a rectangular pool with a micro pebble finish, tanning ledge and a stone water feature plus attractive exterior lighting, all surrounded by iron fencing for security. No detail has been missed in the renovation of this home, from the newer composition roof and gutters down to the wiring for your electric vehicle in the side entry garage. You truly need to see it to believe it!

Investor Tools

Property Icon
$1,271,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,271,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,274/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,938
$624,382
2024
N/A
N/A
$779,000
No

Tax History

Year
Tax Paid
Assessed Value
2023
$8,938
$624,382

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,271,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
$900/mo
+$454/mo
1.3%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

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3305 Wood Lake Dr | Property Details | No Agent List